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Did other presidents borrow from the social security after Kennedy?
Wiki User
∙ 12y ago
yes
Not just the presidents, but the Congress did so. The fund was meant to grow via interest, not just spending it dollar for dollar. It is very difficult for legislatures to avoid the temptation of dipping into large funds in the wake of recession or other needs. An example is the recent attempt by Arizona's legislature to remove funds from the pension plan. The way it was set up, not politics, prevented it from happening.
Wiki User
∙ 12y ago
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Was President Lyndon B Johnson the first President to borrow money from the Social Security Bank?
No, President Lyndon B. Johnson was not the first president to borrow money from the Social Security Trust Fund. Presidents before him, including Franklin D. Roosevelt and Harry S. Truman, had also borrowed from the trust fund to finance government expenditures. Borrowing from the Social Security Trust Fund has been a common practice by several presidents since its establishment in 1935.
Who was the second president to borrow money from social security?
clinton
When did you first borrow against social security?
I never borrowed against Social Security, so I'd say the answer is "Never."
Did congress borrow from social security during World War 2?
NO
How many presidents received payments from social security?
My educated guess is zero. I do not think any US President every collected from social security. Very few recent presidents every worked for wages covered by social security.
Did George W. Bush borrow from social security?
No president can borrow from social security or any other gocvernment agency. Social security is controlled by the US Congress. Congress has made a long-time practice of borrowing all the money collected from social security taxes ( FICA) and spending it in the general fund. The social security fund consists entirely of "IOUs "( bonds) from the US treasury.
Did George W. Bush borrow social security?
No president can borrow from social security or any other gocvernment agency. Social security is controlled by the US Congress. Congress has made a long-time practice of borrowing all the money collected from social security taxes ( FICA) and spending it in the general fund. The social security fund consists entirely of "IOUs "( bonds) from the US treasury.
What presidents have hit the social security the most?
Barack Obama
What has the author Finola Kennedy written?
Finola Kennedy has written: 'Public social expenditure in Ireland' -- subject(s): Finance, Public welfare, Social policy, Social security
Can you borrow from social security to pay off debt?
Yes you can use the SSB amounts that you receive each month to pay your debts and any thing else that you want to pay.
During Kennedy's term Social Security coverage was increased and medical coverage to retired persons was extended?
False A+ answer
What presidents have not been conservatives?
A few that are poorly ranked by both social and fiscal conservatives include: Franklin Roosevelt, Lyndon Johnson, John Kennedy,
